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ScotlandEconomicsQuick questions
National and Global Economic Issues
Quick questions on Exchange rates and the balance of payments: floating rates, the current account and the J-curve - SQA Advanced Higher Economics
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State what causes a floating currency to appreciate. [2 marks]
What is q2?Show answer
State the Marshall-Lerner condition and what it tells us. [2 marks]
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